This Obscure China Stock Suddenly Trades More Than JPMorgan
- Fangda Carbon’s surging volume sparks exchange warning
- Stock has gained 200% since late June in a sleepy China market
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Fangda Carbon New Material Co. isn’t typically a name that jumps to mind when one thinks of the world’s most-actively traded stocks.
Yet for reasons unknown, shares of this obscure Chinese maker of graphite electrodes are suddenly changing hands at a pace usually reserved for the global equity market’s crème de la crème.